S&P 500 Jun 30 to Jul 04 Outlook

Recap
Consolidation with a pullback to Y-0 as expected. No serious attempts were made to even challenge the Y+1 level until the end of the week. Closed the week below Y+1 and above midpoint.

Outlook
Y+1 / B+1 strong resistance zone. As long as ES cannot close above B+1 on daily basis, a short term top is likely in the making.